On April 1, the NFIP issued two important bulletins regarding changes in the National Flood Insurance Program. The first discusses the changes that will occur in the flood insurance program as of October 1, 2011. The second discusses a change in how the community’s substantial damage percentage can be used to trigger an ICC claim if its ordinance has it set at a number less than 50%.
These two bulletins can be found on the National Flood Insurance Program page under the National Policy and Programs menu on the ASFPM website.
If you have any questions or comments, please email them to the ASFPM Insurance Committee.